Earnings Report: Here’s what to expect from Rockwell Automation (NYSE:ROK)

Earnings results for Rockwell Automation (NYSE:ROK)

Rockwell Automation, Inc. is expected* to report earnings on 11/10/2020 before market open. The report will be for the fiscal Quarter ending Sep 2020. According to Zacks Investment Research, based on 8 analysts’ forecasts, the consensus EPS forecast for the quarter is $1.77. The reported EPS for the same quarter last year was $2.01.

Analyst Opinion on Rockwell Automation (NYSE:ROK)

20 Wall Street analysts have issued ratings and price targets for Rockwell Automation in the last 12 months. Their average twelve-month price target is $214.00, predicting that the stock has a possible downside of 15.99%. The high price target for ROK is $270.00 and the low price target for ROK is $120.00. There are currently 4 sell ratings, 9 hold ratings and 7 buy ratings for the stock, resulting in a consensus rating of “Hold.”

Rockwell Automation has received a consensus rating of Hold. The company’s average rating score is 2.15, and is based on 7 buy ratings, 9 hold ratings, and 4 sell ratings. According to analysts’ consensus price target of $214.00, Rockwell Automation has a forecasted downside of 16.0% from its current price of $254.74. Rockwell Automation has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Dividend Strength: Rockwell Automation (NYSE:ROK)

Rockwell Automation pays a meaningful dividend of 1.64%, higher than the bottom 25% of all stocks that pay dividends. Rockwell Automation has been increasing its dividend for 10 years. The dividend payout ratio of Rockwell Automation is 47.06%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Rockwell Automation will have a dividend payout ratio of 51.84% next year. This indicates that Rockwell Automation will be able to sustain or increase its dividend.

Insiders buying/selling: Rockwell Automation (NYSE:ROK)

In the past three months, Rockwell Automation insiders have sold more of their company’s stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $1,681,249.00 in company stock. Only 0.77% of the stock of Rockwell Automation is held by insiders. 76.39% of the stock of Rockwell Automation is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of Rockwell Automation (NYSE:ROK

Earnings for Rockwell Automation are expected to grow by 4.38% in the coming year, from $7.54 to $7.87 per share. The P/E ratio of Rockwell Automation is 38.66, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 20.45. The P/E ratio of Rockwell Automation is 38.66, which means that it is trading at a less expensive P/E ratio than the Industrial Products sector average P/E ratio of about 39.29. Rockwell Automation has a PEG Ratio of 4.78. PEG Ratios above 1 indicate that a company could be overvalued. Rockwell Automation has a P/B Ratio of 73.84. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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